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Weekly Recap: Recession vs. Bullishness? A Weaker Dollar? & Build To Rent
Sep 7, 2024
Lobo Tiggre, a commodities expert, presents a bullish outlook for gold and uranium, asserting that recession indicators may already be here. Brent Johnson discusses the ramifications of de-dollarization and a potential weaker dollar, especially under a Trump presidency. Meanwhile, Adam Johnson shares an optimistic view of the stock market's future, proposing scenarios for Federal Reserve rate cuts. The conversation also touches on the appealing rise of the 'build to rent' real estate strategy, reflecting innovative approaches to meet evolving rental demands.
59:14
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Quick takeaways
- Commodity price trends, especially in oil and copper, indicate that the global economy may already be entering a recession despite stable labor market perceptions.
- The prospect of de-dollarization under a potential Trump presidency raises concerns about the painful implications for the global economy and a weakening dollar.
Deep dives
Economic Recession Indicators
The discussion highlights that the price of commodities, particularly oil and copper, are strong indicators of a recession. Currently, oil prices are fluctuating between $70 to $80 a barrel, which is viewed as unusually low given the geopolitical tensions in the Middle East. Similarly, copper prices have dropped significantly, despite supply constraints, suggesting a downturn in global demand. These trends signal that the global economy is already experiencing a recession, contrary to perceptions of stability in the labor market.
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